Family Restaurant In The Heart Of Suburban Downtown For Sale

Business description

64 year old family owned restaurant serving excellent family food. Well respected in the community with loyal and dedicated patrons. There are no other family style restaurants in the downtown area so this serves a community need.

Property information

Real Estate:

Real Property Included

Leasehold rent:

$3,500 per annum

Location:

TIF area with great programs for updating building exteriors, etc. Also retail incentives offered by the city. Ample parking in a downtown location.

Premises details:

Well maintained space with huge parking lot. Almost 40,000 sq ft. Nearby businesses include post office, village hall and various successful businesses.

Size in square feet:

4,198

Business Operation

Competition / Market:

This is the only family type restaurant in the downtown area.

Reasons for selling:

Retirement

Employees:

15 pt/4 FT

Years established:

1945

Other information

Support & training:

Will provide necessary training and support. Current staff would like to stay.

Financing available:

Owner will consider partial

Furniture / Fixtures value:

$225,000 (included in the asking price)

Lease asking price:

$100,000 (Furniture / Fixtures included)